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Additional Balance Sheet and Cash Flow Information
 6 Months Ended
Jun. 27, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Additional Balance Sheet and Cash Flow Information Additional Balance Sheet and Cash Flow Information
Investments in Marketable Securities – The Company’s investments in marketable securities consisted of the following (in thousands):
June 27,
2021		December 31,
2020		June 28,
2020
Mutual funds$52,434 $52,061 $48,725 
Mutual funds, included in Other long-term assets on the Consolidated balance sheets, are carried at fair value with gains and losses recorded in income. Mutual funds are held to support certain deferred compensation obligations.
Inventories, net – Substantially all inventories located in the U.S. are valued using the last-in, first-out (LIFO) method. Other inventories are valued at the lower of cost or net realizable value using the first-in, first-out (FIFO) method. Inventories, net consisted of the following (in thousands):
June 27,
2021		December 31,
2020		June 28,
2020
Raw materials and work in process$245,562 $211,979 $199,300 
Motorcycle finished goods187,708 281,132 180,895 
Parts & Accessories and General Merchandise78,461 84,469 105,570 
Inventory at lower of FIFO cost or net realizable value511,731 577,580 485,765 
Excess of FIFO over LIFO cost(54,083)(54,083)(56,426)
$457,648 $523,497 $429,339 
Deposits – Beginning in 2020, HDFS began offering brokered certificates of deposit to customers indirectly through contractual arrangements with third-party banks and/or securities brokerage firms through its bank subsidiary. The Company had $259.4 million, $80.0 million and $18.0 million, net of fees, of interest-bearing brokered certificates of deposit outstanding as of June 27, 2021, December 31, 2020, and June 28, 2020, respectively. The liabilities for deposits are included in Short-term deposits, net or Long-term deposits, net on the Consolidated balance sheets based upon the term of each brokered certificate of deposit issued. Each separate brokered certificate of deposit is issued under a master certificate, and as such, all outstanding brokered certificates of deposit are considered below the Federal Deposit Insurance Corporation insurance coverage limits.
Future maturities of the Company's certificates of deposit as of June 27, 2021 were as follows (in thousands):
2021$57,920 
202244,000 
202344,000 
202451,500 
2025— 
Thereafter62,717 
Unamortized fees(764)
$259,373 
Operating Cash Flow – The reconciliation of Net income to Net cash provided by operating activities was as follows (in thousands):
 Six months ended
June 27,
2021		June 28,
2020
Cash flows from operating activities:
Net income (loss)$465,484 $(22,522)
Adjustments to reconcile Net income (loss) to Net cash provided by operating activities:
Depreciation and amortization81,323 95,454 
Amortization of deferred loan origination costs40,089 33,796 
Amortization of financing origination fees7,224 6,661 
Provision for long-term employee benefits13,366 15,704 
Employee benefit plan contributions and payments(11,055)(3,678)
Stock compensation expense23,340 4,568 
Net change in wholesale finance receivables related to sales(129,819)166,049 
Provision for credit losses(6,273)170,598 
Deferred income taxes12,732 (19,461)
Other, net(2,065)(7,756)
Changes in current assets and liabilities:
Accounts receivable, net(124,738)(15,747)
Finance receivables – accrued interest and other
9,691 (2,985)
Inventories, net58,366 163,700 
Accounts payable and accrued liabilities196,606 10,664 
Other10,029 15,158 
178,816 632,725 
Net cash provided by operating activities$644,300 $610,203